Andhra Pragathi Grameena Bank

RBI has allotted IFSC codes to all the bank branches in India to easily identify transactions done through a particular branch. IFSC codes are unique 11-digit codes with alphanumeric characters, which are given to all bank branches and the code won't repeat. It is mandatory to enter IFSC code or MICR code to identify the branches to perform fund or cash transactions. Without this code the bank branches can't transfer funds.

These codes help the users to ensure that the transferred funds go to the right person, without any errors.

For example, we can take Andhra PragathiGrameena Bank IFSC code: “APGB0002183” - IFSC Code of Andhra PragathiGrameena Bank branch in Ravindra Nagar, Kadapa, Andhra Pradesh. This IFSC code can be used for online money transactions via NEFT, RTGS and IMPS to any Andhra PragathiGrameena Bank account or to other bank accounts.

• Here, the first four alphabets, APGB, indicate the bank name, i.e., Andhra PragathiGrameena Bank,
• The fifth digit is 0 (zero) - provided for future use
• The last six digits 002183 - denotes a particular branch of Andhra PragathiGrameena Bank in Kadapa and the Ravindra Nagar branch.

The Indian Financial System Code in short denoted as IFSC is used for online payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service (IPM), from one bank to another through electronic Instant Mobile Money Transfer service (IMPS), and Centralized Funds Management System (CFMS) instructed by RBI.

RBI has allotted IFSC codes for all banks in India to find out the branches when money transfers take place. According to RBI guidelines, the IFSC code is mandatory for interbank transfers via, NEFT and RTGS to any bank in India. With help of IFSC codes and MICR codes, the online fund transfers are made easy without any confusion. The first four Characters mentioned in IFSC code denote the bank names and the last six digits helps to identify the bank branch name involved in the transaction. The fifth digit is zero for all banks which is next to alphabets provided for future use. This code helps to avoid the risk factor while sending and receiving funds through banks in our country and it makes sure that the money reaches the right account holder at the specified branch.

Easy way to find Andhra Pragathi Grameena Bank IFSC Code and MICR Code?

If the customer knows the full name of the bank and its branch location, then it is easy to find IFSC codes and MICR codes within a few seconds. The customer can find MICR codes and IFSC codes which are printed on passbook and cheque books/ leaves issued by Andhra PragathiGrameena Bank. The website of Reserve Bank of India also offers the entire list of IFSC codes required for the account holder. The customers can also enter into the bank's official website. Some of the third party financial websites or other advertisement websites are also rendering the service to get IFSC codes of any bank and its branches located in India.

Some of the popular financial comparison sites display the table carrying IFSC codes for Andhra PragathiGrameena Bank’s branches throughout India. Any account holder visiting the website has to choose the Bank IFSC code link present on the home page. Customers by clicking the link will lead to another page where four columns are displayed. Customers must feed some bank details like the state in which it is located, the district in which it is located and branch name to get IFSC codes or MICR codes for Andhra PragathiGrameena Bank. The website displays all details about the bank such as the phone number, address of the branch, name, branch code etc.

Andhra Pragathi Grameena Bank Branch Details

• Andhra Pradesh

About Andhra Pragathi Grameena Bank

• Andhra PragathiGrameena Bank was established on 01.06.2006 by amalgamating RayalaseemaGrameena Bank, Sri AnanthaGrameena Bank and PinakiniGrameena Bank consequent upon the Government of India notification dated on 01.06.2006. The bank is constituted under Regional Rural Banks Act 1976 and has its Head Office at Kadapa with a jurisdiction of 5 districts namely Anantapuramu, YSR Kadapa, Kurnool, SPSR Nellore and Prakasam. The bank has 8 Regional Offices with its Headquarters at 5 district Headquarters, Kadiri of Anantapuramu district, Nandyal of Kurnool district and in Rajampet of Kadapa district.


• It is providing banking services with 552 branches. The bank is mainly giving preference to the needs of rural poor and to all other sectors also. It plays an important role in the economic development of its operational area by outreaching the people in the countryside.The operation of the bank is mostly in Rayalaseema region, and is characterized by drought and backwardness. Nearly 75% of the people are living in the countryside. The soils found in this region are mostly black and red. Almost 75% of the farmers living in this locality depend on rain fed crops and Irrigation sources viz., canals, tanks, bore wells etc. The major crops grown are paddy, cotton (hybrid), chilies, vegetables, horticulture crops like banana, papaya, sweet orange, mango etc., and under rain fed conditions the major crops grown are ground nut, jowar, Bengal gram, sun-flower, coriander, tobacco, etc. The surrounding place is rich in minerals viz., barites, limestone, granite, galaxy black and colour slabs, slates etc.


• The banks operation is concentration on areas along important rivers like Krishna, Tungabhadra, Hundri, Pennar, Kundu, Papagni, Chitravathi, Sagileru, Pincha, Cheyyeru, Swarnamukhi, Paleru, Pillaperu and Gundlakamma.The account holders having cheque facilities in Andhra PragathiGrameena Bank may utilize PPS facility for cheque issued for Rs.50,000/- and above. For more details, the account holders can visit the nearest bank branch. The bank has achieved total business of Rs.36,639crore as on 31.03.2021.


• This organisation is placing high value among the RRBs in the country and making it financially strong, viable, vibrant and an effective proactive instrument of social change, with an eye to work for overall development of the people and the economy of the operational area, through aggressive banking.

Mission

The mission of the bank is to increase the business in a sustainable manner with consistent efforts and bringing all the households into banking folds. It also tunes fine the existing products and designs new products and services to match the competition prevailing in the market. It also aims to mould the staff of the bank as computer literate and technologically savvy and to achieve hundred percent computerization of branches. The bank tries to continue to be a true friend, philosopher and guide to customers with dedicated service and accelerate the pace of development of the operational area for accomplishing the bank's objectives.

Products and Services

• Credit

The bank credit products are Agriculture Finance, Gold Loans, Micro, small and medium (MSME) Schemes, Retail products and NABARD Sponsored Schemes.

• Deposits

The bank deposits products are Savings bank account, PragathiJanatha savings bank account, current account, fixed deposit (FD) account, Pragathi cash certificate, Akshaya deposit (AD), recurring deposit (RD), NityaNidhi Daily deposit (NND), Pragathi tax saver deposit, pragathilakshadhikari (A monthly deposit scheme to make the customer a lakhier), locker facility, foreign inward money transfer, deposit schemes for non-resident Indians and pragathi flexi deposit.

• Insurance products

The bank provides all financial services to its customers under one roof, so the bank entered into a MoU with LIC of India. The research made for the past few years and deep knowledge of the local market as well as socio-economic needs of the population provided by the bank, LIC of India has a well-diversified portfolio of insurance products and solutions, tailored to the specific needs of the different social and economic strata of the society. Bank also tied up with Canara, HSBC, Oriental Bank of Commerce Life Insurance Company Limited (CHOICe) to promote the Life Insurance business. The APGB, acting as a Corporate Agent for LIC of India and CHOICe, aims to provide complete insurance solutions to its customers with competitive products, lower charges and prompt and efficient service.

• Other Service Charges and Fees

The bank's other service charges and fees are schedule of charges for basic banking services, schedule of charges relating to services (other than basic banking services), traffic structure for CBS services and service charges related to loans and advances.

For further details contact: Andhra Pragathi Grameena Bank,
Beside Mariyapuram Church, Mariyapuram,
Kadapa - Andra Pradesh-516003
Fax: 08562 244169
Toll Free No: 1-800-425-2045
Timing: 10 AM to 5.30 PM (On all working days)